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BXC > SEC Filings for BXC > Form 8-K on 14-Aug-2014All Recent SEC Filings

Show all filings for BLUELINX HOLDINGS INC.



Entry into a Material Definitive Agreement, Financial Statements and Exhib

Item 1.01 Entry into a Material Definitive Agreement

On August 14, 2014, BlueLinx Corporation, a wholly-owned subsidiary of BlueLinx Holdings Inc., reached an agreement (the "Ninth Amendment") with Wells Fargo Bank, National Association successor by merger to Wachovia Bank, National Association and the other signatories thereto to amend the terms of its existing Amended and Restated Loan and Security Agreement, dated August 4, 2006, as amended (the "Credit Agreement"). The Ninth Amendment modifies the Credit Agreement as follows:

(a) extends the maturity date of the $20 million Tranche A Loan to June 30, 2015;

(b) provides for monthly step-downs in the maximum amount of the Tranche A Loan, each in the amount of $2 million, commencing on April 1, 2015, but such step-downs will not occur if, after giving effect to the applicable reduction, Excess Availability (as defined in the Credit Agreement) will be less than $50 million or an Event of Default (as defined in the Credit Agreement) will exist or will have occurred and be continuing;

(c) Tranche A Loan will then be reduced to zero on June 30, 2015; and

(d) certain updates and clarifying modifications regarding the ERISA representations and provisions.

Except as described above, all other material terms of the Credit Agreement remain unchanged. The foregoing description of the Ninth Amendment is qualified in its entirety by reference to the Ninth Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No. Description
10.1        The Ninth Amendment, dated August 14,
            2014, to the Amended and Restated Loan
            and Security Agreement, dated August
            4, 2006, as amended, by and between
            BlueLinx Corporation, Wells Fargo and
            the other signatories listed therein.
99.1        Press release, dated August 14, 2014,
            regarding the Ninth Amendment.

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